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Panera's stock surges on strong sales

RICHMOND HEIGHTS Mo. Citing stronger-than-anticipated fourth-quarter same-store sales growth, Panera Bread Co. raised its earnings guidance by as much as 9 cents per share, or 11 percent, and also noted that sales trends have continued to dominate in January.

The news sent Panera’s stock to a new 52-week high of $73.95 in trading Thursday afternoon. The stock closed Thursday at $73.41, up 7.3 percent.

The Richmond Heights-based operator and

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